Dan Frey Home Loans
Call Dan

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$761,982$761,982$787,500
Remaining term (yrs)27.127.130.0
Secondary amount$0$25,518$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.558%7.640%
1st payment$5,204.93$5,204.93$5,452.49
2nd payment$0.00$191.39$0.00
Taxes / mo$729.17$729.17$729.17
Insurance / mo$216.67$216.67$216.67
MI / mo$360.03$360.03$157.50
HOA / mo$45.00$45.00$45.00
Total monthly$6,555.79$6,747.18$6,600.82
Cash to close$113,018$87,500$87,500